Gaotu Other Assets vs Total Liab Analysis
GOTU Stock | USD 4.82 0.06 1.23% |
Gaotu Techedu financial indicator trend analysis is much more than just examining Gaotu Techedu DRC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gaotu Techedu DRC is a good investment. Please check the relationship between Gaotu Techedu Other Assets and its Total Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaotu Techedu DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Other Assets vs Total Liab
Other Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gaotu Techedu DRC Other Assets account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gaotu Techedu's Other Assets and Total Liab is 0.76. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Gaotu Techedu DRC, assuming nothing else is changed. The correlation between historical values of Gaotu Techedu's Other Assets and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Gaotu Techedu DRC are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Assets i.e., Gaotu Techedu's Other Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Assets
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Gaotu Techedu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gaotu Techedu DRC current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaotu Techedu DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. Sales General And Administrative To Revenue is likely to gain to 0.15 in 2024, despite the fact that Tax Provision is likely to grow to (11.7 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 31.5M | 21.4M | 64.8M | 68.1M | Net Interest Income | 31.5M | 21.4M | 64.8M | 68.1M |
Gaotu Techedu fundamental ratios Correlations
Click cells to compare fundamentals
Gaotu Techedu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gaotu Techedu fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.4B | 10.7B | 5.0B | 4.9B | 5.4B | 4.7B | |
Other Current Liab | 61.4M | 125.2M | 84.9M | 664.0M | 72.4M | 68.7M | |
Total Current Liabilities | 1.6B | 4.2B | 1.8B | 1.6B | 2.0B | 1.8B | |
Total Stockholder Equity | 1.6B | 5.7B | 2.9B | 3.1B | 3.1B | 2.4B | |
Other Liab | 5.7M | 114.4M | 107.4M | 126.9M | 146.0M | 153.3M | |
Net Tangible Assets | (493.1M) | 1.6B | 5.6B | 2.9B | 3.3B | 2.0B | |
Property Plant And Equipment Net | 346.8M | 1.5B | 1.0B | 635.7M | 723.2M | 671.7M | |
Current Deferred Revenue | 1.3B | 2.7B | 987.0M | 906.9M | 1.1B | 1.2B | |
Net Debt | 180.2M | 441.5M | (372.9M) | (737.4M) | (447.9M) | (425.5M) | |
Retained Earnings | (272.9M) | (1.7B) | (4.8B) | (4.8B) | (4.8B) | (4.6B) | |
Cash | 74.0M | 355.2M | 728.9M | 819.9M | 636.1M | 419.0M | |
Non Current Assets Total | 1.6B | 2.2B | 1.1B | 709.7M | 1.8B | 1.2B | |
Non Currrent Assets Other | 19.4M | 109.6M | 25.4M | (543.8M) | 19.3M | 20.3M | |
Other Assets | 34.8M | 50.1M | 101.1M | 25.8M | 29.7M | 54.6M | |
Cash And Short Term Investments | 1.5B | 7.7B | 3.5B | 3.7B | 2.9B | 3.1B | |
Net Receivables | 26.6M | 59.2M | 50.0M | 222.4M | 1.0 | 0.95 | |
Common Stock Shares Outstanding | 209.2M | 239.6M | 256.2M | 264.0M | 260.6M | 267.1M | |
Short Term Investments | 1.5B | 7.3B | 2.8B | 2.9B | 2.3B | 2.7B | |
Liabilities And Stockholders Equity | 3.4B | 10.7B | 5.0B | 4.9B | 5.4B | 4.7B | |
Non Current Liabilities Total | 199.9M | 758.5M | 383.5M | 171.1M | 333.8M | 314.2M | |
Other Current Assets | 9.4M | 3.1M | 3.2M | 399.9M | 638.2M | 670.2M | |
Other Stockholder Equity | 1.8B | 7.5B | 7.8B | 7.9B | 7.9B | 5.2B | |
Total Liab | 1.8B | 5.0B | 2.1B | 1.8B | 2.3B | 2.3B | |
Net Invested Capital | 1.6B | 5.7B | 2.9B | 3.1B | 3.1B | 2.4B | |
Long Term Investments | 5.2M | 1.2B | 530.7M | 0.0 | 1.0B | 1.1B | |
Property Plant And Equipment Gross | 11.8M | 1.5B | 1.2B | 635.7M | 901.6M | 666.5M | |
Total Current Assets | 1.8B | 8.5B | 3.9B | 4.2B | 3.6B | 3.5B | |
Accumulated Other Comprehensive Income | 17.8M | (19.5M) | (102.7M) | (23.7M) | 17.0M | 17.9M | |
Net Working Capital | 171.7M | 4.3B | 2.2B | 2.6B | 1.6B | 1.7B | |
Common Stock | 106K | 113K | 114K | 115K | 116K | 107.5K | |
Property Plant Equipment | 346.8M | 1.5B | 1.0B | 635.7M | 731.0M | 651.1M | |
Inventory | 8.8M | 48.1M | 15.6M | 22.8M | 24.6M | 26.2M | |
Capital Stock | 106K | 113K | 114K | 115K | 116K | 114.4K | |
Intangible Assets | 100K | 29.0M | 28.3M | 27.4M | 42.8M | 23.4M |
Pair Trading with Gaotu Techedu
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gaotu Techedu position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gaotu Techedu will appreciate offsetting losses from the drop in the long position's value.Moving against Gaotu Stock
0.6 | FEDU | Four Seasons Education | PairCorr |
0.58 | EDTK | Skillful Craftsman | PairCorr |
0.43 | GSUN | Golden Sun Education | PairCorr |
0.34 | IH | Ihuman Inc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Gaotu Techedu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaotu Techedu when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gaotu Techedu - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gaotu Techedu DRC to buy it.
The correlation of Gaotu Techedu is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gaotu Techedu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gaotu Techedu DRC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gaotu Techedu can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Gaotu Stock Analysis
When running Gaotu Techedu's price analysis, check to measure Gaotu Techedu's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gaotu Techedu is operating at the current time. Most of Gaotu Techedu's value examination focuses on studying past and present price action to predict the probability of Gaotu Techedu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gaotu Techedu's price. Additionally, you may evaluate how the addition of Gaotu Techedu to your portfolios can decrease your overall portfolio volatility.